'Harry's back is against the wall'

Harry Redknapp has "lied" about his Monaco bank account and continues to lie because his "back is against the wall", a court heard today.

The jury at Southwark crown court was told to see past Redknapp as an admired and "respected" football manager and come to a verdict that "may not be popular".

Prosecutor John Black QC said Redknapp's changing story about whether £189,000 paid into an off-shore account by former Portsmouth chairman Milan Mandaric was a bonus, loan or investment meant he could not be relied upon to tell the truth.

A taped conversation with News of the World reporter Rob Beasley in 2009 in which Redknapp said the payments were a bonus for his share of the Peter Crouch transfer from Portsmouth to Aston villa "condemns him from his own mouth", the court heard.

Redknapp now claims the money was not related to his employment at Portsmouth and therefore not liable for tax.